Evaluation of the Science and Industry Endowment Fund (SIEF)

John Söderbaum

CSIRO

Published 2017-01-17

ACIL Allen has completed an evaluation of CSIRO's Science and Industry Endowment Fund (SIEF). The evaluation examined six SIEF Research Projects, a Special Research Program activity (Synchrotron Science) and a Research Infrastructure Program activity (Advanced Resources Characterisation Facility (ARCF)). The estimated net present value of the six Research Projects examined was $3.5 billion in 2016-17 dollars. These are very substantial benefits. Indeed, ACIL Allen found that there were three projects which on their own returned estimated benefits that would largely or fully offset the full amount spent by SIEF on all of its various programs.